Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles almost as quickly as it takes to fill a gasoline car. BYD on Monday unveiled a new “Super e-Platform” technology, which it says will be capable of peak charging speeds of 1,000 kilowatts. The EV giant and Tesla rival says this will allow cars that use the technology to achieve 400 kilometers (roughly 249 miles) of range with just 5 minutes of charging. A BYD Plus DM-i electric vehicle is seen on display at a showroom in the Jing’an district of Shanghai on March 11, 2025. Hector Retamal | Afp | Getty Images
Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline car.
BYD’s Hong Kong-listed shares jumped more than 6% shortly after the open, notching a new a 52-week high. The stock, which was last seen trading around 2.5% higher, is